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17 May 2019BIANCA BOTES ON FOREIGN DIRECT INVESTMENT IN SA+

Corporate Treasury Manager at Peregrine Treasury Solutions Bianca Botes shares her thoughts on foreign investment in South Africa and how we can ensure that we recalibrate the country to create sustainable and inclusive growth.

13 May 2019RAND FALLS AS US-CHINA TRADE WAR HEATS UP+

South Africa‘s rand weakened in early trade on Monday, giving up some of the election inspired gains, with risk aversion driving currency markets after the latest escalation in the trade war between the United States and China. The world’s two biggest economies appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

01 May 2019WEAKER RAND EXPECTED AFTER THE ELECTIONS+

While elections are just days away, the rand has remained relatively unresponsive to local elements ranging from politics to economic data. Rather, the rand’s movements have been determined by the prevailing global backdrop and risk-on/risk-off environment, and they are not a result of any particular anticipated outcome from elections. Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes provides commentary on the possible outcomes of the national election and the effect on the rand.

01 Apr 2019RAND FIRMS AFTER MOODY’S DELAYS RATING REVIEW+

The rand firmed against the dollar early on Monday as ratings downgrade fears eased after Moody’s said late on Friday it would not publish a review of the sovereign debt rating as indicatively scheduled. The currency was further supported by a broader boost to investors’ risk appetite following positive Chinese factory gauges and signs of progress in Sino-US trade talks.

19 Mar 2019GEOPOLITICS AND THE RAND+

The geopolitical landscape is a treacherous one, with many global economic powerhouses being exposed to a variety of risks seemingly around every corner.
Most notably, it seems we are in an era of populism and nationalism, marked by the rapid rise of politicians echoing the message of a “selfish” state, says Peregrine Treasury Solutions Corporate Treasury Manager Bianca Botes.

07 Mar 2019RAND REACTS TO RAMAPHOSA’S PROMISE TO NATIONALISE SARB+

President Ramaphosa announced in parliament on Thursday, that South Africa is going to move ahead with the nationalisation of the South African Reserve Bank (SARB). The rand immediately weakened and was trading at R14.34 to the US dollar shortly after.

04 Mar 2019RAND SLIPS AS DOLLAR GAINS+

The rand was flat in early trade on Wednesday with the market keeping a sharp eye on South African trade balance data and US data releases particularly focused on wage growth. Corporate treasury manager at Peregrine Treasury Solutions, Bianca Botes, said the weak labour figures, did little to move the rand as all eyes remained squarely focused on the US-China trade war dynamic.

13 Feb 2019RAND FIRMS AS TRADE-TALK PROGRESS BOOSTS RISK ASSETS+

The rand firmed against the dollar in early session on Wednesday, supported by rising risk appetite globally on increasing hopes of a breakthrough in US-China trade talks. “The dollar is finally taking a breather after continuously edging higher against all currencies over the past week, after President Trump alluded to a potential extension of the deadline for a trade agreement with China,” said Peregrine Treasury Solutions’ corporate treasury manager Bianca Botes.

25 Jan 2019RAND FIRMS AS RISK-TAKING OFFERS SUPPORT +

The rand firmed against the dollar in early trade on Friday, supported by improved risk-taking and as concerns about a prolonged US government shutdown at a time when global growth is already slowing weigh on the greenback. “We expect the rand to steadily make its way back to the R13.60 level as the dollar remains subdued,” Peregrine Treasury Solutions’ Corporate Treasury Manager, Bianca Botes comments.

21 Jan 2019SOUTH AFRICA LOOKING FOR BAILOUT FOR ZIMBABWE +

After more than a week of violence, South Africa is now planning to offer economic help to Zimbabwe. According to Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions, while the violent protests taking place in Zimbabwe is not affecting the local currency market, South Africa will likely be affected over time.